Payment of dividends
With significant focus on payment methods for dividends in recent years, in terms of efficiency, cost and security, SSE plc has made the decision that from September 2019, it will no longer be paying dividends by cheque. All future dividends will be credited to a shareholder’s nominated bank/building society account.
The company’s articles of association, approved by shareholders, provides the Company flexibility in the way dividends are paid, and we believe this is better for our shareholders: safeguarding dividends by using a more secure payment method; as well as reducing the Company’s impact on the environment.
Dividend cheques - UK bank accounts
Dividends will be paid directly to your nominated bank or building society account.
If you haven’t already registered your bank details with Link Registrar or would like to amend the details on your account, please login to the Shareholder Portal to manage these details. Once logged in, click on ‘Manage your account’ at the top of the screen and then select ‘Payment Preferences’ to record your bank details.
If you haven’t registered, you can do so on the Shareholder Portal and update your bank details immediately. Go to the home screen and follow the link under ‘Register an account’. You’ll need to enter your investor code, surname and postcode.
Dividend cheques - bank accounts outside the UK
If you do not have a UK bank or building society account, your dividends can be paid directly into a bank account outside of the UK using the International Payment service.
Payments to your selected country and currency incur a small fee. For more information about the service and fees please click here. If you have already registered, you can login to record your bank account details. Once logged in, click on ‘Manage your account’ at the top of the screen and then select ‘Payment Preferences’ to record your bank details.
If you haven’t registered, you can do so and update your bank details immediately. Go to the home screen and follow the link under ‘Register an account’. You’ll need to enter your investor code, surname and postcode.
Alternatively, you may wait to join the Scrip dividend alternative and receive your future dividends in the form of additional new shares. Click here for more information on the Scrip service including the terms and conditions. You should still complete a bank mandate to enable future dividend payments should you ever withdraw from the Scrip scheme.
How to replace a missing cheque
From September 2019, SSE plc will no longer be paying dividends by cheque. Dividends will be paid directly in your bank or building society account. If you have not recorded a bank account, your payment has been held. Once you provide Link with your bank details the payment will be sent to your bank account. The first date we can pay these funds following the final dividend for the year ended 31/03/19 is on 4 October 2019 and monthly thereafter.
Cheques issued before September 2019
If you have misplaced a cheque or have a payment that is out of date, then this can be reissued for you. Please note that a fee will be charged for this service to cover the administration costs involved and security checks that must be performed.
Less than £50 / Free of charge
£50.01 - £100 / £20.00
£100.01 - £300 / £37.50
£300.01 - £750 / £70.00
More than £750 / £90.00
If you are the named shareholder or their legal representative, we will be able to reissue any outstanding payments over the telephone.
Any applicable fees can be made using a debit card (credit cards are not accepted). Please call the Helpline on 0345 143 4005 and select the dividend payments option.
To locate and help you, Link’s Customer Service team will need to complete a security check – have your personal details ready.
Calls are charged at the standard geographic rate and will vary by provider. Calls outside the United Kingdom will be charged at the applicable international rate.
We are open Monday – Friday, 8:30am – 5:30pm excluding bank holidays in England and Wales.
If you need to contact Link Registrar by post, please use the address below:
29 Wellington Street
Make sure that your letter includes:
- The name of the company(ies) that you hold shares in
- The name of the shareholder
- The signature of the shareholder or legal representative
- Request the payments that you need reissued
Please enclose any out of date cheques that you have and a cheque to cover the fee (made payable to Link Market Services Limited). The replacement will be processed and sent to you within 21 days.